All Forum Posts by: Alfredo Hernandez

Hey Zack, I live in Oceanside and built an ADU and am using it for MTR. I'm currently have it listed on Airbnb but have it listed for 30 + day stays. I like the MTR because you can bypass having to get an STR permit. I'd be down to meet up let me know.

Hey, Matt thanks for the reply. We have JV agreement that we signed with the lender not sure if that will help me in case it goes upside down?

Hey, Zane, I am also in Oceanside. I work in the IT field out of the North County area. I am currently working on my first rehab project in Vista. I'm definitely interested in meeting local REI. We should create a local meetup.

Hi,

I just want to start off by saying thank you to everyone on BP for sharing their knowledge and experience! I’ve been watching BP podcast and reading forums for a good year now.

I've teamed up with a partner whom I've known for over ten years, she has a good amount of experience in rehabbing and buy and holds. she’s a real go-getter and I trust her, she's pretty much family by marriage. I have no experience and am trying to get started in real estate investing.

The project is rehab and she's asked me to put the loan under my name. She will fund the down payment, rehab cost, monthly loan payments, and utilities.

In return, I will be the on-site project manager and she will give me a kickback once we sell the property. My main goal is to gain hands-on experience and knowledge from this rehab.

My questions are what is the risk involved with putting the property in my name? What happens after we sell as far as tax purposes who will get the tax benefits? Will I have to pay capital gain? Has anyone made a deal similar to this and if so what have you learned from your experience?

I’m basically trying to prepare myself for what's to come later and maybe try to get ahead of any issues that may arise. Like I said I don't have much experience, so if there are other question or concerns I should be worried about please feel free to let me know.

Thanks in advance.

Hey, Donald looks like you posted this a few months ago, not sure where you're at now, but I am also in Oceanside Ca. I've been following BP for some time now and listen to BP postcast on the regular. I'm new to real estate investing but I just closed on my first deal last month, I'm no expert, but if you're still in the area and there is anything we can do to help each other out or maybe just talk let me know and we can link up.